Buy quality home or property maintain it correctly treat your tenants by the laws of the jurisdiction and have decent insurance..

The ambition is great to scale fast, but you can treat the smaller deals as practice as you learn to scale. 

So the thing with fix-and-flip projects is that the income you make is treated as ordinary income, not capital gains.

Under this rule, if your average stay is seven days or less and you materially participate in managing the property, you can treat it as non-passive income and potentially use tax losses (like depreciation) to offset other income.

I have many corporate and high-value tenants that do this.We hold advance rent in escrow, and we treat it as a deposit, then we release installment payments when that months' rent is called due. 

While you're doing repairs on your unit, treat it like a live-in-flip almost. 

Perhaps not the best example, but  what you are doing is no different than a medical patient who walks into 6 doctors offices with a broken finger asking to be treated with radiation.

https://wikitia.com/wiki/Pace_MorbyWell, while I don't blame a man for something his dad did, I do expect a man who is making a lot of money to make right by the people he has ripped off.If he treated people who trusted him this way, it won't end well for his current scheme. 

I would go extra on the due diligence e with this one or pass.Usually if the owner does not keep good records, it is a sign of how the treat the property, so, when they cannot provide it, I usually pass on them unless it is a killer deal...

If that’s the case here are a few thoughts:1) Treat them similar to a spouse, would you rush to get married?